§ 14-202
107 words·~1 min read·
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§14–202.
(a)The General Assembly finds that:
(1)the widespread sale of franchises has created many investment and business problems; and
(2)franchisees have suffered substantial losses when the franchisor or its representative has not given complete information about:
(i)the franchisor-franchisee relationship;
(ii)the franchise agreement; and
(iii)the business experience of the franchisor or its representative.
(b)The intent of this subtitle is to:
(1)give each prospective franchisee necessary information about any franchise offer;
(2)prohibit the sale of franchises if the sale would lead to fraud or a likelihood that the franchisor’s representations would not be fulfilled; and
(3)protect the franchisor-franchisee relationship.